Tieton Capital Management LLC Increases Stake in First Western Financial, Inc. (NASDAQ:MYFW)

Tieton Capital Management LLC lifted its stake in shares of First Western Financial, Inc. (NASDAQ:MYFW) by 22.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 184,612 shares of the company’s stock after buying an additional 33,822 shares during the period. First Western Financial comprises about 1.5% of Tieton Capital Management LLC’s holdings, making the stock its 26th largest position. Tieton Capital Management LLC’s holdings in First Western Financial were worth $3,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MYFW. FMR LLC grew its holdings in First Western Financial by 347.2% in the third quarter. FMR LLC now owns 3,117 shares of the company’s stock worth $62,000 after purchasing an additional 2,420 shares during the period. Rhumbline Advisers grew its holdings in First Western Financial by 9.5% in the fourth quarter. Rhumbline Advisers now owns 12,623 shares of the company’s stock worth $247,000 after purchasing an additional 1,090 shares during the period. JPMorgan Chase & Co. grew its holdings in First Western Financial by 284.0% in the third quarter. JPMorgan Chase & Co. now owns 13,674 shares of the company’s stock worth $273,000 after purchasing an additional 10,113 shares during the period. Barclays PLC lifted its stake in shares of First Western Financial by 112.5% in the third quarter. Barclays PLC now owns 17,583 shares of the company’s stock worth $353,000 after buying an additional 9,309 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of First Western Financial by 5.2% in the third quarter. Empowered Funds LLC now owns 21,859 shares of the company’s stock worth $437,000 after buying an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

First Western Financial Stock Up 0.3 %

Shares of First Western Financial stock opened at $19.44 on Monday. The company has a market cap of $188.65 million, a price-to-earnings ratio of 22.34 and a beta of 0.81. The company’s 50 day moving average is $19.77 and its 200 day moving average is $19.99. First Western Financial, Inc. has a twelve month low of $13.46 and a twelve month high of $22.32. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.46.

First Western Financial (NASDAQ:MYFW) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. First Western Financial had a net margin of 4.70% and a return on equity of 3.43%. Research analysts anticipate that First Western Financial, Inc. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of First Western Financial from $25.00 to $24.00 and set an “outperform” rating on the stock in a research note on Monday, January 27th. Piper Sandler dropped their target price on shares of First Western Financial from $23.00 to $22.50 and set a “neutral” rating on the stock in a research note on Monday, January 27th.

About First Western Financial

First Western Financial, Inc, a financial holding company, provides wealth advisory, private baking, personal trust, investment management, mortgage lending, and institutional asset management services. The company operates through two segments: Wealth Management and Mortgage. The Wealth Management segment provides deposit, loan, life insurance, and trust and investment management advisory products and services.